Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Sees Large Decrease in Short Interest

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 5,916 shares, a drop of 22.2% from the January 29th total of 7,606 shares. Based on an average daily trading volume, of 27,342 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 27,342 shares, the short-interest ratio is currently 0.2 days.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.8%

Invesco KBW Property & Casualty Insurance ETF stock traded down $0.98 during mid-day trading on Tuesday, hitting $126.67. The company had a trading volume of 6,337 shares, compared to its average volume of 19,694. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $108.64 and a 12 month high of $129.00. The company has a market capitalization of $290.07 million, a PE ratio of 13.50 and a beta of 0.55. The stock’s 50 day moving average price is $124.35 and its two-hundred day moving average price is $122.77.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.6048 dividend. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37. This represents a $2.42 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBWP. WFA of San Diego LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the second quarter worth $32,000. Flagship Harbor Advisors LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth about $60,000. GGM Financials LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter worth about $91,000. Sound Income Strategies LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 32,625.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,309 shares of the company’s stock worth $159,000 after buying an additional 1,305 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter valued at about $187,000.

Invesco KBW Property & Casualty Insurance ETF Company Profile

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.